MillerKnoll Balance Sheet Health
Financial Health criteria checks 3/6
MillerKnoll has a total shareholder equity of $1.5B and total debt of $1.3B, which brings its debt-to-equity ratio to 88.8%. Its total assets and total liabilities are $4.1B and $2.6B respectively. MillerKnoll's EBIT is $239.0M making its interest coverage ratio 3.4. It has cash and short-term investments of $223.6M.
Key information
88.8%
Debt to equity ratio
US$1.33b
Debt
Interest coverage ratio | 3.4x |
Cash | US$223.60m |
Equity | US$1.50b |
Total liabilities | US$2.60b |
Total assets | US$4.10b |
Recent financial health updates
These 4 Measures Indicate That MillerKnoll (NASDAQ:MLKN) Is Using Debt Extensively
Feb 12Here's Why MillerKnoll (NASDAQ:MLKN) Has A Meaningful Debt Burden
Oct 13MillerKnoll (NASDAQ:MLKN) Takes On Some Risk With Its Use Of Debt
May 17Does MillerKnoll (NASDAQ:MLKN) Have A Healthy Balance Sheet?
Feb 01MillerKnoll (NASDAQ:MLKN) Has A Somewhat Strained Balance Sheet
May 17Here's Why MillerKnoll (NASDAQ:MLKN) Has A Meaningful Debt Burden
Jan 30Recent updates
Why Investors Shouldn't Be Surprised By MillerKnoll, Inc.'s (NASDAQ:MLKN) P/E
Apr 22Here's Why MillerKnoll (NASDAQ:MLKN) Has Caught The Eye Of Investors
Apr 10A Look At The Fair Value Of MillerKnoll, Inc. (NASDAQ:MLKN)
Mar 14MillerKnoll: Cautiously Optimistic At Current Levels
Mar 02Is It Time To Consider Buying MillerKnoll, Inc. (NASDAQ:MLKN)?
Feb 28These 4 Measures Indicate That MillerKnoll (NASDAQ:MLKN) Is Using Debt Extensively
Feb 12Capital Allocation Trends At MillerKnoll (NASDAQ:MLKN) Aren't Ideal
Jan 24There May Be Reason For Hope In MillerKnoll's (NASDAQ:MLKN) Disappointing Earnings
Dec 28Is MillerKnoll, Inc. (NASDAQ:MLKN) Trading At A 31% Discount?
Dec 10Is It Time To Consider Buying MillerKnoll, Inc. (NASDAQ:MLKN)?
Nov 15Here's Why MillerKnoll (NASDAQ:MLKN) Has A Meaningful Debt Burden
Oct 13MillerKnoll (NASDAQ:MLKN) Might Be Having Difficulty Using Its Capital Effectively
Sep 15Should You Investigate MillerKnoll, Inc. (NASDAQ:MLKN) At US$15.16?
Jul 04Investors Could Be Concerned With MillerKnoll's (NASDAQ:MLKN) Returns On Capital
Jun 08MillerKnoll (NASDAQ:MLKN) Takes On Some Risk With Its Use Of Debt
May 17Calculating The Intrinsic Value Of MillerKnoll, Inc. (NASDAQ:MLKN)
Apr 26What Does MillerKnoll, Inc.'s (NASDAQ:MLKN) Share Price Indicate?
Mar 04Does MillerKnoll (NASDAQ:MLKN) Have A Healthy Balance Sheet?
Feb 01When Should You Buy MillerKnoll, Inc. (NASDAQ:MLKN)?
Nov 17MillerKnoll Q1 2023 Earnings Preview
Sep 27Here's Why Q1 FY23 Is A Critical Quarter For MillerKnoll
Sep 21MillerKnoll goes ex-dividend tomorrow
Aug 31MillerKnoll: Profit Margins Are Continuing To Recover From Inflation's Impact
Jul 08MillerKnoll Non-GAAP EPS of $0.58 beats by $0.11, revenue of $1.1B beats by $10M
Jun 29MillerKnoll (NASDAQ:MLKN) Has A Somewhat Strained Balance Sheet
May 17MillerKnoll Is A Bargain Despite Short-Term Profitability Issues
Apr 25MillerKnoll Stock: Assessing Value In Premium Furniture
Feb 04Here's Why MillerKnoll (NASDAQ:MLKN) Has A Meaningful Debt Burden
Jan 30These 4 Measures Indicate That Herman Miller (NASDAQ:MLHR) Is Using Debt Extensively
Oct 17At US$39.55, Is Herman Miller, Inc. (NASDAQ:MLHR) Worth Looking At Closely?
Oct 02Financial Position Analysis
Short Term Liabilities: MLKN's short term assets ($1.1B) exceed its short term liabilities ($680.5M).
Long Term Liabilities: MLKN's short term assets ($1.1B) do not cover its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: MLKN's net debt to equity ratio (73.9%) is considered high.
Reducing Debt: MLKN's debt to equity ratio has increased from 37.9% to 88.8% over the past 5 years.
Debt Coverage: MLKN's debt is well covered by operating cash flow (27.5%).
Interest Coverage: MLKN's interest payments on its debt are well covered by EBIT (3.4x coverage).